HIGHLIGHTS
- Benefitting from scarcity as the only CVS location with a 5-mile radius, the Property ranks in the top 89% of CVS locations statewide by foot traffic.
- CVS is operating under a 25-year Absolute NNN lease with (10) 5-year renewal options, potentially extending the lease through 2089.
- El Paso serves as the epicenter to a population of 2.5M people, forming the largest bilingual and binational workforce in the Western Hemisphere.
- Located just 2.5 miles from the U.S.-Mexico border, the Property benefits from cross-shopping bolstered by both transient consumers and residents.
- The area surrounding CVS is comprised of 6.7M square feet of retail, which boasts a 97% occupancy rate.
- The Property is strategically located on a hard corner at the signalized intersection of N Zaragota Rd and N Loop Drive, which see over 56,000 VPD.
FOR SALE DETAILS
PRICE
$6,560,000 USD
PRICE/SF
$491 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2013
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.32 AC
LAND SF
57,364 SF
ZONING
C3
APN/PARCEL ID
D382-999-0010-0300
ASK ABOUT THIS PROPERTY
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713-408-8555
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713-408-8555
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